Discuss Question 14
14. FISCAL WISDOM: The federal government’s health care programs are financially sustainable in their present form.
ANSWER: False – Absent additional reform, there is no way the federal government will be able to deliver on all the promises made through its current health programs. Under reasonable assumptions, Medicare alone is underfunded by $37 trillion, according to the 2011 report of the Social Security & Medicare Trustees. In addition, the independent Medicare Chief Actuary estimates that the Affordable Care Act will cost much more than originally asserted based on reasonable and sustainable assumptions. Healthcare is the single biggest driver of spending increases in the future and must be addressed through substantial reforms. For examples of illustrative healthcare reforms, view the Comeback America Initiative’s Restoring Fiscal Sanity Report.